Cam Resources Gains 3% On Plans To Build Biogas Plant - Shares of Cam Resources Bhd
rose 3.3% in early trading after announcing that it planned to build RM19.8mil biogas plant.
The aluminium and stainless steel kitchenware maker added one sen, or 3.33% to 31 sen, its highest since July 2017. It has risen some 5.2% year-to-date.
Cam Resources announced that its wholly-owned unit Future Atlas Sdn Bhd, which would be selling renewable energy to Tenaga Nasional Bhd
in 2019, planned to build its 2MW biogas plant at a cost of RM19.8mil.
The project is expected to be completed on May 24, 2019, which is the scheduled feed-in tariff commencement date.
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